Anti-Money Laundering Training

  • Interactive, online training
  • Covers AML, counter-terrorist financing, and trade sanctions
  • Scenarios customized to your industry and policies
  • Backed by Clear Law’s in-house legal expertise
  • Take on a computer, tablet, or smartphone
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Trusted by more than 1,500 employers, including:

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Trusted by more than 15,000 employers, including:

Why Provide Anti-Money Laundering Training?

The United States, the European Union, and many other jurisdictions require businesses to implement strict policies and controls to prevent money laundering, terrorist financing, and the evasion of trade sanctions. To comply, businesses must enact “Know Your Customer” (KYC) processes to help employees identify suspicious activities. Businesses must also train their employees on how to comply with relevant laws and internal policies. Businesses and their employees who knowingly or unknowingly violate these laws can face severe civil and criminal penalties.

Customization and Languages

Instead of providing generic training, employers can customize this training by including:

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  • An introductory audio or video message from their CEO or other senior official welcoming users to the course
  • Company-specific policies on anti-money laundering, counter-terrorist financing, and trade sanctions

 

At a modest cost, Clear Law can also modify the training to include scenarios that directly relate to the actual issues your employees may face.  Using “green screen” type technology, Clear Law is able to quickly and inexpensively change actors and backgrounds to create employer-specific scenarios.

Clear Law can provide this training in multiple languages as needed.

AML Training Course Content

Using a variety of interactive scenarios and learning exercises, Clear Law’s online AML training explorers the nuances of the following topics:

Prohibited Actions

  • Anti-Money Laundering
    • Step 1: Placement
    • Step 2: Layering
    • Step 3: Integration
  • Counter-Terrorist Financing
  • Trade Sanctions

 

Know Your Customer (KYC) and Suspicious Activity Reporting

  • The obligation to report to enforcement authorities any suspicious activities
  • Potential suspicious activities
  • Important KYC definitions
  • Ultimate Beneficiary Owners (UBOs)
  • How to identify all UBOs

KYC Process

  • Potential suspicious activities
  • Step 1: Collection
    • Dealing with Politically Exposed Persons (PEPs)
    • Sanctions lists
    • Financial information
    • Geographic information
    • Business sector
    • Adverse information
    • Tax regulations
  • Step 2: Risk Assessment
    • Evaluating the business relationship against AML, CFT and sanctions risks
    • Examination of other regulatory and repetitional risks
  • Step 3: Decision

When the KYC Process Must be Used

  • Initial process
  • Ongoing process
  • Scheduled recertification
  • Non-compliant or overdue KYC file
  • Termination of the business relationship
  • Record keeping

 

Reporting Concerns

  • When to seek guidance
  • How to report concerns or allegations

 

Policy Review Exercise

  • Learners view your organization’s policy on AML, CFT, and sanctions
  • Learners must acknowledge that they have read and understood your policy before completing the course

Policy Reviews and Consultation

Unlike most training providers, Clear Law Institute is a full-service compliance company with attorneys on staff.  In addition to providing legally accurate and up-to-date training, we are available to review your current anti-money laundering policy to ensure that it complies with relevant laws and best practices.

AML Conclusion Page

Clients

  • Companies
  • Government
  • Nonprofit and Education
  • Health Care
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Testimonials

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“Everyone here is absolutely thrilled about working with Clear Law Institute as partners. I personally have never had an external vendor be as supportive, responsive and flexible.”

–Christine Berry, Director of Learning and Development , State of Massachusetts

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“For any company looking to stay compliant by providing mandated training for your employees, look no further! Clear Law Institute has supplied our business with training for years and they are wonderful. I checked around and put myself through a few other companies on line training and Clear Law has them beat. Their pricing is fair and I cannot begin to say enough about their service team. They provide me with quick and professional responses every time! Do yourself and your company a favor, leave the teaching to Clear Law Institute, you won’t be sorry. ” –Renee Grady-Taylor, HR Manager, Ramona Tire, Inc
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“Clear Law’s content is excellent and the back-room services our Human Resources team has received from Clear Law are absolutely top-notch.”

–Dan McAllister, Vice President, People Relations & Operations, City Year, Inc.

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“My experience with Clear Law Institute has been nothing but positive. I was up and running ahead of the production time I was given during my initial set up. Clear Law Institute handled registering my employees and their response rate to any updates is super quick. It is very hard to sum up how efficient the use of Clear Law has been for our company to help our over 700 employees complete their Preventing Workplace Harassment Training. The training runs itself.”

–Larry Ryan, Central Staff Services

More Than 1,500 Employers Trust Us With Their Compliance Training